Financial Performance - The company's operating revenue for the first half of 2023 reached CNY 59,449,651, an increase of 19.99% compared to CNY 49,544,853 in the same period last year[15]. - Net profit attributable to shareholders was CNY 2,581,899, reflecting a significant increase of 55.91% from CNY 1,656,004 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was CNY 2,309,591, up 77.76% from CNY 1,299,276 in the same period last year[15]. - Basic earnings per share for the first half of 2023 were CNY 0.21, a 75.00% increase from CNY 0.12 in the same period last year[16]. - The weighted average return on equity increased to 5.60%, up 2.59 percentage points from 3.01% in the previous year[16]. - The company achieved total operating revenue of RMB 59.45 billion in the first half of 2023, a year-on-year increase of 19.99%[27]. - The net profit attributable to shareholders was RMB 2.582 billion, representing a year-on-year growth of 55.91%[27]. - The company reported a total comprehensive income of RMB 2,577,912 thousand for the first half of 2023, compared to RMB 2,685,260 thousand in the same period of 2022[125]. Assets and Liabilities - The company's total assets as of the end of the reporting period amounted to CNY 226,018,159, representing a 1.24% increase from CNY 223,260,470 at the end of the previous year[15]. - The net assets attributable to shareholders increased to CNY 68,836,059, a rise of 15.71% compared to CNY 59,492,252 at the end of the previous year[15]. - Total liabilities decreased to RMB 145,950,065 thousand from RMB 152,833,689 thousand, a reduction of about 4.5%[117]. - The company's total equity increased to RMB 72,230,288 thousand, up 13.4% from RMB 63,686,286 thousand at the end of 2022[119]. Cash Flow - The company reported a net cash flow from operating activities of CNY 3,723,809, a decrease of 28.63% compared to CNY 5,217,597 in the same period last year[15]. - The company reported a cash dividend of RMB 0.25 per share in 2021 and 2022, leading to adjustments in the conversion price of the bonds[112]. - Cash flow from operating activities increased to RMB 3,723,809 thousand, down from RMB 5,217,597 thousand in the previous year, representing a decrease of 28.63%[123]. - Cash inflow from financing activities increased to RMB 26,840,527 thousand, compared to RMB 23,428,443 thousand in the first half of 2022, representing an increase of 10.3%[124]. Operational Highlights - The cumulative power generation reached 107.593 billion kWh, up 7.72% year-on-year, driven by new installations and strong electricity demand[27]. - The average utilization hours of power generation units increased to 1,947 hours, an increase of 83 hours year-on-year[27]. - The company operates 45 controlled power generation enterprises with a total installed capacity of 57,284.24 MW, including 46,230 MW from coal-fired power[28]. - The on-grid electricity volume was 1007.31 billion kWh, reflecting a year-on-year increase of 7.71%[27]. Environmental and Social Responsibility - The company reported a total emission of 7,098.49 tons of sulfur dioxide, 683.67 tons of smoke dust, and 12,410.01 tons of nitrogen oxides in the first half of 2023, achieving ultra-low emission standards[57]. - The carbon emission intensity of thermal power decreased by 0.16% compared to 2022, reflecting the company's efforts in energy-saving technology and fuel management[65]. - The company has completed approximately 1.24 million yuan in donations for poverty alleviation and rural revitalization efforts in the first half of 2023[66]. - All coal-fired power units have achieved ultra-low emissions, with ongoing improvements in environmental protection facilities and operations[58]. Corporate Governance - The company completed the election of the 10th Board of Directors and Supervisory Board on May 31, 2023, with significant personnel changes including the election of Zhao Bing as Vice Chairman and Chen Bin as General Manager[52]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[62]. - There were no significant lawsuits or arbitration matters affecting the company during the reporting period[69]. Financing and Investments - The company issued bonds with a total balance of 15 billion RMB at a rate of 3.65% due in December 2024[94]. - The company has a coal procurement framework agreement with Yancoal Energy, with an annual purchase limit of RMB 8 billion, and the actual amount spent in the first half of 2023 was approximately RMB 1.429 billion[73]. - The company raised RMB 11,500,000 thousand from new investments in the first half of 2023, compared to RMB 2,500,000 thousand in the same period of 2022[124]. Shareholder Information - The total number of shares increased to 10,227,561,133 after the conversion of 357,702,918 shares from convertible bonds, representing 3.62% of the total shares before conversion[86]. - The top shareholder, China Huadian Group Co., Ltd., held 4,620,061,224 shares, representing 45.17% of the total shares[88]. - As of the end of the reporting period, the total number of ordinary shareholders was 99,687[87]. Financial Ratios - The company's current ratio improved to 0.58, up 26.09% from 0.46 at the end of the previous year[106]. - The debt-to-asset ratio decreased to 64.57%, down 3.89 percentage points from 68.46% at the end of the previous year[106]. - The interest coverage ratio increased to 2.60, a significant rise of 68.83% from 1.54 in the previous period[106].

Financial Performance - The revenue achieved was approximately RMB 59.053 billion[2] - The profit attributable to equity holders for the period was approximately RMB 2.877 billion[2] - The basic earnings per share were approximately RMB 0.239[2] - The company's revenue for the period was approximately RMB 59.05 billion, representing a growth of about 20.65% year-on-year, primarily due to increased electricity generation and coal trading volume[17] - The net profit attributable to equity holders of the company was approximately RMB 2.88 billion, an increase of about 80.88% compared to the same period in 2022[17] - Basic earnings per share for the period was RMB 0.239, compared to RMB 0.115 in the previous year, marking an increase of 108.7%[49] - The total comprehensive income for the first half of 2023 reached RMB 2,685,260 thousand, a significant increase of 88% compared to RMB 1,430,110 thousand in the same period of 2022[87] - The comprehensive income attributable to shareholders of the parent company was RMB 2,577,912 thousand, up from RMB 1,656,044 thousand in the first half of 2022, reflecting a growth of 55.6%[87] Power Generation and Capacity - The total power generation for the period was approximately 107.59 million MWh[2] - The total on-grid electricity was approximately 100.73 million MWh[2] - The company has a total installed capacity of 57,284.24 MW, including 46,230 MW from coal-fired power, 8,589.05 MW from gas-fired power, and 2,459 MW from hydropower[4] - The company operates 45 power generation enterprises across 12 provinces, autonomous regions, and municipalities in China[4] - The company added a total of 2,530 MW of new generating capacity from January 1, 2023, to the announcement date, including 1,360 MW from Shantou Company and 1,000 MW from Pingjiang Company[13] - The company has approved and under construction projects totaling 6,499.08 MW, including two 1,000 MW coal-fired units at Shantou Company and two 535 MW gas units at Guangdong Huizhou Energy Co., Ltd.[14] - The company operates a total of 12 power plants with a combined capacity of 12,000 MW, focusing on coal and gas generation[10] Financial Position and Liabilities - As of June 30, 2023, the total borrowings of the company were approximately RMB 96.20 billion, with a debt-to-asset ratio of 64.02%, a decrease of 3.79 percentage points from the end of 2022[24] - The company's total liabilities decreased from RMB 152,833,689 thousand as of December 31, 2022, to RMB 145,950,065 thousand as of June 30, 2023, a reduction of approximately 4.8%[84] - Current liabilities totaled RMB 56,448,725 thousand as of June 30, 2023, down from RMB 63,091,810 thousand at the end of 2022, indicating a decrease of 10.4%[84] - Long-term borrowings increased to RMB 65,448,142 thousand as of June 30, 2023, up from RMB 59,739,783 thousand at the end of 2022, reflecting an increase of 9.0%[84] Operational Efficiency and Costs - The average utilization hours of generating units increased by 83 hours year-on-year to 1,947 hours, with coal-fired units averaging 2,167 hours, an increase of 104 hours[16] - The company's fuel costs amounted to approximately RMB 38.83 billion, an increase of about 2.74% year-on-year, mainly due to increased electricity generation[18] - The company's financial expenses decreased by approximately 10.42% year-on-year to RMB 1.85 billion, attributed to improved capital operations and reduced financing costs[21] - The company reported a decrease in total operating costs to RMB 59,096,369 thousand in the first half of 2023 from RMB 51,739,816 thousand in the same period of 2022, a reduction of 14.8%[85] Market and Strategic Initiatives - The company is actively pursuing market expansion and new technology development to enhance operational efficiency and sustainability[12] - The company is expanding its renewable energy portfolio, including hydropower and mixed energy projects, to align with national energy policies[12] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[86] - The company aims to improve the realization rate of annual long-term coal contracts and strengthen coal procurement strategies to stabilize coal prices[29] Governance and Management - The company has appointed Chen Bin as the new General Manager effective from March 2, 2023[30] - The company has undergone a board and supervisory committee reshuffle, with new members elected on May 31, 2023[31] - The company has established a strategic committee to enhance governance and oversight, indicating a focus on long-term strategic planning[44] - The company adheres to the corporate governance principles, ensuring transparency, accountability, and independence[43] Environmental and Social Responsibility - The company is committed to reducing emissions and pollution while optimizing water usage and pollution prevention measures[29] - The group has complied with the environmental, social, and governance requirements of the Hong Kong Listing Rules[43]

证券代码：600027 证券简称：华电国际 公告编号：2023-041 重要内容提示： 华电国际电力股份有限公司（"本公司"）已发布本公司 2023 年半年度报告，为 便于广大投资者更全面深入地了解本公司 2023 年上半年经营成果及财务状况，本公司 计划于 2023 年 9 月 12 日（星期二）上午 10:00-11:00 举行 2023 年半年度业绩说明会， 就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以视频直播结合网络互动形式召开，本公司将针对 2023 年半年度 经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露规则允许的 范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 9 月 12 日（星期二）上午 10:00-11:00 （二）网络直播地址：上海证券交易所上证路演中心（http://roadshow.sseinfo.com/） 华电国际电力股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整 ...

Financial Performance - The company's operating revenue for Q1 2023 was approximately RMB 31.98 billion, representing a year-on-year increase of 10.98%[6] - The net profit attributable to shareholders of the listed company reached RMB 1.13 billion, an increase of 82.30% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was RMB 971.05 million, reflecting a significant increase of 113.11% year-on-year[6] - The company's total profit for Q1 2023 was approximately RMB 1.41 billion, a year-on-year increase of 165.08%[10] - Operating profit for Q1 2023 was CNY 1,303,734 thousand, significantly up from CNY 509,837 thousand in the same period last year, representing a growth of 155.5%[20] - Net profit attributable to shareholders of the parent company for Q1 2023 was CNY 1,134,045 thousand, compared to CNY 622,085 thousand in Q1 2022, marking an increase of 82.4%[20] - Basic earnings per share for Q1 2023 were CNY 0.093, up from CNY 0.041 in Q1 2022, indicating a growth of 126.8%[21] Cash Flow and Liquidity - The company's cash flow from operating activities was RMB 2.44 billion, a decrease of 39.48% year-on-year, primarily due to increased coal procurement[11] - Operating cash inflow for Q1 2023 was CNY 34,010,786, an increase of 7.5% from CNY 31,662,414 in Q1 2022[24] - Net cash flow from operating activities decreased to CNY 2,444,797, down 39.4% from CNY 4,039,639 in the previous year[24] - Cash and cash equivalents increased to CNY 7,178,613 thousand from CNY 6,282,439 thousand, showing a growth of 14.3%[18] - The ending cash and cash equivalents balance for Q1 2023 was RMB 524,493 thousand, down from RMB 865,873 thousand in Q1 2022[35] Assets and Liabilities - Total assets at the end of the reporting period were RMB 223.17 billion, showing a slight decrease of 0.04% from the end of the previous year[6] - Total assets as of March 31, 2023, amounted to CNY 223,166,232 thousand, slightly down from CNY 223,260,470 thousand at the end of 2022[18] - Total liabilities decreased to CNY 148,252,351 thousand from CNY 152,833,689 thousand, reflecting a reduction of 3.8%[18] - Total liabilities decreased slightly to CNY 58,013,683 from CNY 58,183,497 at the end of 2022[28] - Long-term borrowings rose to CNY 67,564,091 thousand from CNY 59,739,783 thousand, an increase of 13.1%[18] - Long-term borrowings increased to CNY 21,704,021, up from CNY 16,787,816 in the previous year[28] Operational Efficiency - The company's financial expenses decreased by 11.28% year-on-year to approximately RMB 927 million, attributed to reduced funding costs[10] - The company's contract liabilities decreased by 71.52% year-on-year to approximately RMB 578 million, mainly due to the end of the heating season[10] - The company reported a significant improvement in profitability due to lower coal prices and higher electricity and heat prices[10] - The company reported a decrease in operating costs to CNY 3,861,608, down from CNY 4,299,687 in Q1 2022[31] Accounting Changes - The company adopted new accounting standards starting January 1, 2023, impacting the financial statements[36]

Financial Performance - The company's operating revenue for Q1 2023 was RMB 31,978,448, an increase of 10.98% compared to RMB 28,815,896 in the same period last year[4]. - Net profit attributable to shareholders for Q1 2023 was RMB 1,134,045, representing an increase of 82.30% from RMB 616,670 in the previous year[4]. - The net profit after deducting non-recurring gains and losses was RMB 971,051, up 113.11% from RMB 450,249 year-on-year[4]. - Basic earnings per share for Q1 2023 were RMB 0.093, an increase of 126.83% from RMB 0.040 in the previous year[4]. - The total profit for Q1 2023 was approximately RMB 1,409,000,000, an increase of 165.08% compared to the previous year[6]. Cash Flow and Financial Position - The company's cash flow from operating activities for Q1 2023 was RMB 2,444,797, a decrease of 39.48% compared to RMB 4,039,639 in the same period last year[4]. - The company's financial expenses for Q1 2023 were RMB 927,000,000, a decrease of 11.28% year-on-year, attributed to reduced financing costs[6]. - Cash inflow from financing activities for Q1 2023 was approximately RMB 159,000,000, compared to a cash outflow of RMB 2,315,000,000 in the same period last year[7]. - The total assets at the end of Q1 2023 were RMB 223,166,232, a slight decrease of 0.04% from RMB 223,262,351 at the end of the previous year[4]. - The company's contract liabilities at the end of Q1 2023 were approximately RMB 578,000,000, a decrease of 71.52% from the end of the previous year[6]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 103,441[8]. - China Huadian Group Co., Ltd. holds 4,620,061,224 shares, accounting for 46.70% of the total shares[8]. - Hong Kong Central Clearing (Agent) Co., Ltd. holds 1,798,371,168 shares, representing 18.18% of the total shares[8]. - Shandong Development Investment Holding Group Co., Ltd. holds 673,266,146 shares, which is 6.80% of the total shares[8]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the first two shareholders alone accounting for over 64%[8]. - The company has a total of 4,534,199,224 RMB ordinary shares outstanding[9]. - The report indicates that there are no shares under pledge, marking, or freezing for most major shareholders[8]. Governance and Reporting - The board of directors consists of 11 members, including the chairman and several independent directors[11]. - The financial statements are prepared in accordance with Chinese accounting standards but are unaudited as of March 31, 2023[10]. - The company has not provided any additional important information regarding its operational situation during the reporting period[10].

Company Overview - The company operates a total of 44 power generation enterprises with a total installed capacity of approximately 54,754.24 MW, including 43,700 MW from coal-fired power, 8,589.05 MW from gas-fired power, and 2,459 MW from hydropower[4]. - The company has a total of 24,755 employees as of December 31, 2022[5]. - The company has significant ownership in various power plants, including 100% ownership of the Zouxian Power Plant with a capacity of 2,575 MW and the Shiliquan Power Plant with a capacity of 2,120 MW[6]. - The company has a 69% stake in the Zouxian Company, which has a capacity of 2,000 MW, and a 75% stake in the Laizhou Company with a capacity of 4,000 MW[6]. - The company is positioned in key power load centers and areas rich in coal resources across 12 provinces, autonomous regions, and municipalities in China[4]. Financial Performance - In 2022, the company achieved a revenue of approximately RMB 105.96 billion, an increase of about 4.74% compared to 2021[23]. - The company reported a net loss attributable to shareholders of approximately RMB 0.31 billion, with a basic loss per share of RMB 0.094[24]. - The total power generation reached 220.93 million MWh, representing a year-on-year growth of approximately 0.54%[22]. - The company’s operating expenses in 2022 were approximately RMB 110.14 billion, a decrease of about 4.73% from 2021, with fuel costs rising by approximately 10.95% to RMB 82.87 billion[56]. - The company reported a cash dividend of RMB 0.20 per share for the fiscal year ending December 31, 2022, totaling approximately RMB 1,973,971.64 thousand, subject to shareholder approval[73]. Operational Strategy - The company has plans for future expansion in renewable energy projects as part of its integrated energy strategy[4]. - The company aims to enhance operational efficiency and reduce carbon emissions through the development of advanced technologies in power generation[4]. - The company is focused on strategic acquisitions to strengthen its market position and expand its operational footprint[4]. - The company is committed to maintaining a strong financial position to support ongoing and future projects[4]. - The company is expanding its renewable energy portfolio, with hydroelectric power plants like Sichuan Huadian Luding Hydropower Co. having a capacity of 920 MW and full ownership[11]. Sustainability and Environmental Initiatives - The company aims to reduce carbon emissions by 40% by 2030 as part of its sustainability initiatives[45]. - The company is committed to green and sustainable development, actively adjusting its power generation structure, and exploring new energy models such as geothermal and smart energy[32]. - All 98 coal-fired power generation units of the company met ultra-low emission requirements by the end of the reporting period, demonstrating compliance with environmental standards[84]. - The company is committed to enhancing its ESG rating by implementing pollution prevention measures and optimizing water usage and emissions management[36]. Governance and Compliance - The company emphasizes the importance of corporate governance and continuously improves its governance structure in accordance with relevant laws and regulations[160]. - The board consists of 12 members, including 5 independent non-executive directors, ensuring a diverse skill set and experience[164][165]. - The company has established a code of conduct for directors and supervisors regarding securities trading, ensuring compliance with relevant regulations[181]. - The audit committee is responsible for overseeing the effectiveness of the company's internal control and risk management systems[185]. - The company has implemented stricter governance measures than those required by the Hong Kong Corporate Governance Code[161]. Future Outlook - Future outlook includes potential market expansion and investment in new technologies to enhance operational efficiency[15]. - The group plans to add a total of 8,189.08 MW of new installed capacity across various projects, including two 535 MW gas units and two 1,000 MW coal units[27]. - The national electricity consumption is projected to reach 9.15 trillion kWh in 2023, representing a growth of approximately 6% compared to 2022[28]. - The group anticipates generating around 220 billion kWh of electricity in 2023, with stable utilization hours for power generation equipment[30]. - An investment of approximately RMB 13 billion is planned for power generation projects, environmental protection, and energy-saving technology upgrades in 2023[30].

Financial Performance - The company's operating revenue for 2022 was RMB 107,058,536 thousand, representing a 2.34% increase compared to RMB 104,607,537 thousand in 2021[18]. - The net profit attributable to shareholders of the listed company was RMB 99,811 thousand, a significant recovery from a loss of RMB 4,982,427 thousand in 2021[18]. - The net cash flow generated from operating activities was RMB 9,654,498 thousand, compared to a negative cash flow of RMB 6,401,362 thousand in the previous year[18]. - The total assets of the company at the end of 2022 were RMB 223,262,351 thousand, reflecting a 1.97% increase from RMB 218,938,578 thousand in 2021[18]. - The net assets attributable to shareholders of the listed company decreased by 3.88% to RMB 59,513,957 thousand from RMB 61,915,663 thousand in 2021[18]. - The basic earnings per share for 2022 was -0.08 CNY, compared to -0.61 CNY in 2021, indicating a significant improvement[19]. - The weighted average return on equity increased by 11.58 percentage points to -2.12% in 2022 from -13.70% in 2021[19]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, amounting to a loss of RMB 576,237 thousand in 2022[18]. - The total operating cost for 2022 was approximately RMB 106.599 billion, a decrease of 4.04% year-on-year[36]. - The company's fuel costs amounted to approximately RMB 82.866 billion, reflecting a year-on-year increase of about 9.09% due to rising coal and natural gas prices[38]. Operational Highlights - In 2022, the company's total electricity generation reached 220.932 billion kWh, a year-on-year increase of approximately 0.54%[27]. - The company completed a total installed capacity of approximately 54,754.24 MW, including 43,700 MW of coal-fired power, 8,589.05 MW of gas-fired power, and 2,459 MW of hydropower[31]. - The company's total electricity generation for 2022 was 220.932 billion kWh, a decrease of 5.25% compared to 2021's 233.171 billion kWh[53]. - The company's thermal power generation was 211.190 billion kWh, a decrease of 2.78% year-on-year[54]. - The company's hydroelectric power generation was 9.742 billion kWh, a slight decrease of 0.33% compared to the previous year[54]. - The company's wind and solar power generation was effectively zero, reflecting a 100% decrease year-on-year due to asset integration and sales[54]. - The average on-grid electricity price for the company was RMB 519.25 per MWh for the year[53]. - The company reported a total sales volume of 207.045 billion kWh, down 5.54% from the previous year[54]. Investment and Capital Expenditure - The company invested approximately 1,401.69 MW in new power generation projects during 2022, including 1,340 MW of coal-fired and 56 MW of hydropower[28]. - Capital expenditures for infrastructure investment amounted to approximately RMB 94.44 billion, with additional funds allocated for technical upgrades and environmental improvements[64]. - The company plans to invest approximately CNY 13 billion in 2023 for power generation projects, environmental protection, and energy-saving technology upgrades[77]. Environmental and Social Responsibility - The company invested CNY 664 million in environmental protection during the reporting period[135]. - The company emitted approximately 12,888 tons of sulfur dioxide, with an average emission intensity of 0.07 grams per kilowatt-hour[136]. - The company emitted approximately 22,300 tons of nitrogen oxides, with an average emission intensity of 0.12 grams per kilowatt-hour[136]. - The company emitted approximately 1,178 tons of particulate matter, with an average emission intensity of 0.01 grams per kilowatt-hour[136]. - The company discharged approximately 17.99 million tons of wastewater, of which about 6.5 million tons were sent to sewage treatment plants[136]. - The company has completed ultra-low emission renovations for all coal-fired power generation units[137]. - The company has achieved zero wastewater discharge in some power plants[144]. - The company has maintained a 100% treatment rate for hazardous waste, ensuring environmental responsibility[144]. Governance and Compliance - The company emphasizes transparency in information disclosure, utilizing various channels to communicate with investors[91]. - The company has established an independent financial department and accounting system to ensure autonomous financial decision-making[94]. - The board of directors consists of 12 members, including 4 independent directors, meeting legal requirements for governance structure[87]. - The company has a structured governance framework with independent directors and supervisory boards to oversee operations[95]. - The company is committed to maintaining a clear separation between its operations and those of its controlling shareholder[96]. - The company has established a three-tier internal control assessment mechanism to enhance the efficiency of internal control operations[84]. Future Outlook - The company expects to achieve an electricity generation of approximately 220 billion kWh in 2023, maintaining stable utilization hours for power generation equipment[77]. - The average annual growth rate of electricity generation is projected to be between 4.3% and 5.2% during the 14th Five-Year Plan period, providing predictable market opportunities for power companies[74]. - The company anticipates a 6% increase in national electricity consumption in 2023, reaching approximately 9.15 trillion kWh[75]. - The company aims to enhance profitability by strengthening operational analysis and monitoring economic performance to meet annual operational targets[77]. Shareholder and Financial Relationships - The largest shareholder, China Huadian Corporation, holds 4,620,061,224 shares, representing 46.81% of total shares[176]. - The company maintains a strong financial relationship with its controlling shareholder, China Huadian, with a year-end balance of RMB 5.746 billion in funds provided[163]. - The company has issued two tranches of corporate bonds in 2022, with a total amount of 35 billion RMB, at interest rates of 3.65% and 2.49% respectively[183]. - The company has not faced any penalties from securities regulatory agencies in the past three years[109].

Financial Performance - The group achieved a revenue of approximately RMB 105.96 billion in 2022, an increase of about 4.74% compared to 2021[2]. - The group reported a net loss attributable to equity holders of approximately RMB 0.31 billion for the year, with a basic loss per share of approximately RMB 0.094[2]. - The operating loss for 2022 was approximately RMB 4.18 billion, a reduction of about 71.03% from the previous year, primarily due to the implementation of national energy supply policies and other comprehensive factors[16]. - The group's investment income in 2022 was approximately RMB 0.09 billion, a significant decrease from RMB 6.565 billion in 2021, mainly due to one-time gains from the integration of new energy assets in the previous year[30]. - The company's net loss for the year was RMB 922,106 thousand, compared to a net loss of RMB 5,137,740 thousand in 2021, indicating a significant improvement in financial performance[61]. - The total revenue for the year 2022 was RMB 107,058,536 thousand, an increase from RMB 104,607,537 thousand in 2021, representing a growth of approximately 2.4%[102]. - The total operating costs for 2022 were RMB 113,165,508 thousand, down from RMB 118,196,477 thousand in 2021, indicating a decrease of about 4.3%[102]. Dividend and Shareholder Information - The board proposed a final cash dividend of RMB 0.2 per share, totaling approximately RMB 1,973.97 million, subject to shareholder approval[3]. - The proposed cash dividend is expected to be paid on or before August 25, 2023, pending approval at the upcoming annual general meeting[3]. - The proposed final dividend for the year is RMB 0.20 per share, down from RMB 0.25 per share in 2021, totaling RMB 1,973,972 thousand for 2022 compared to RMB 2,467,465 thousand in 2021[92]. - The approved and distributed final dividend for the previous accounting year was RMB 0.25 per share, amounting to RMB 2,467,465 thousand for 2022, slightly up from RMB 2,465,744 thousand in 2021[93]. Operational Capacity and Generation - In 2022, the total electricity generation of the group was 220.93 million MWh, representing a year-on-year increase of approximately 0.54%[2]. - The group operates 44 power generation enterprises with a total installed capacity of approximately 54,754.24 MW, including 43,700 MW from coal-fired power and 8,589.05 MW from gas-fired power[4]. - The group added a total of 1,401.69 MW of new power generation capacity from January 1, 2022, to the announcement date, including 1,000 MW from coal-fired generation and 56 MW from hydropower[17]. - For 2023, the group expects to achieve an electricity generation of approximately 220 billion kWh, with stable utilization hours for power generation equipment[22]. - The group aims to enhance operational quality and efficiency while focusing on energy supply, transformation, and compliance management as part of its development strategy[21]. Assets and Liabilities - The group's total borrowings as of December 31, 2022, were approximately RMB 97.388 billion, with a debt-to-asset ratio of about 67.80%[36]. - As of December 31, 2022, total non-current assets amounted to RMB 197,572 million, an increase from RMB 192,870 million in 2021, reflecting a growth of approximately 2.3%[63]. - Current liabilities totaled RMB 63,091 million in 2022, a decrease from RMB 65,662 million in 2021, indicating a reduction of about 4%[64]. - The company's total equity was RMB 73,028 million in 2022, down from RMB 76,347 million in 2021, reflecting a decrease of about 4.2%[65]. - The company's total assets as of December 31, 2022, were RMB 61,430,552 thousand, down from RMB 63,794,436 thousand in 2021, indicating a decrease of about 3.7%[105]. Cost Management and Expenses - The company's operating expenses for 2022 amounted to RMB 110,144,333 thousand, a decrease from RMB 115,610,359 thousand in 2021, reflecting a reduction of about 4.0%[60]. - Fuel costs in 2022 were approximately RMB 82.866 billion, an increase of about 10.95% year-on-year, primarily due to rising coal and natural gas prices[29]. - The total depreciation and amortization expenses amounted to RMB 10,037,498 thousand in 2022, down from RMB 11,505,464 thousand in 2021, a decrease of approximately 12.8%[85]. - The total amount of accounts payable and notes payable rose to RMB 16,606,208 thousand in 2022, up from RMB 14,793,426 thousand in 2021, indicating an increase of about 11.0%[91]. Strategic Focus and Development - The company is focusing on green and sustainable development, actively promoting the implementation of the "14th Five-Year" development plan and carbon peak action plan[23]. - The company is exploring new business models in energy storage and smart energy to adapt to policy changes and investment uncertainties[25]. - The company plans to invest approximately RMB 13 billion in 2023 for power generation projects, environmental protection, and energy-saving technology upgrades[22]. - The company aims to improve coal procurement strategies and increase supply security and price control capabilities[23]. Governance and Compliance - The company emphasizes compliance with corporate governance standards as per the Company Law and Securities Law of the People's Republic of China[52]. - The audit committee consisted of five members, including two non-executive directors and three independent non-executive directors, ensuring a robust governance structure[54]. - The company has established strict internal guidelines for securities trading by directors, supervisors, and employees, exceeding the requirements of the Hong Kong Listing Rules[54].

证券代码：600027 证券简称：华电国际 公告编号：2023-012 华电国际电力股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 投资者可于 2023 年 4 月 7 日（星期五）起至 2023 年 4 月 13 日（星期四）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过本公司邮箱 hdpi_ir@126.com 进行提问，本公司将在说明会上对投资者普遍关注的问题进行 回答。 华电国际电力股份有限公司（"本公司"）将于 2023 年 3 月 30 日发布本公司 2022 年度报告，为便于广大投资者更全面深入地了解本公司 2022 年度经营成果 及财务状况，本公司计划于 2023 年 4 月 14 日（星期五）上午 10:00-11:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以视频直播结合网络互动形式召开，本公司将针对 2022 年 度经营成果及财务指标的具体情况与投资者进行互动交 ...

[Company Profile and Key Financial Indicators](index=2&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's fundamental information and its core financial performance metrics [Key Accounting Data and Financial Indicators](index=2&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In the first three quarters of 2022, operating revenue grew modestly to **RMB 79.65 billion**, while net profit attributable to the parent company significantly increased by **45.98%** to **RMB 2.325 billion**, with the third quarter achieving a notable turnaround to profit Key Financial Indicators for Q1-Q3 2022 and Q3 (RMB thousands) | Indicator | Year-to-Date | Year-on-Year Change (%) | Current Period (Q3) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 79,650,516 | 1.92% | 30,105,663 | 26.97% | | Net Profit Attributable to Shareholders of Listed Company | 2,325,259 | 45.98% | 680,228 | N/A (Turnaround to Profit) | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Items) | 1,874,037 | N/A (Turnaround to Profit) | 585,734 | N/A (Turnaround to Profit) | | Net Cash Flow from Operating Activities | 9,425,532 | 58.00% | N/A | N/A | | Basic Earnings Per Share (RMB/share) | 0.166 | 104.94% | 0.046 | N/A (Turnaround to Profit) | | Weighted Average Return on Net Assets (%) | 4.17% | increased by 2.51 percentage points | 1.19% | N/A (Turnaround to Profit) | - The company retrospectively adjusted unit trial operation sales occurring on or after January 1, 2021, due to the adoption of "Interpretation No. 15 of Accounting Standards for Business Enterprises," impacting the prior year's comparative base[4](index=4&type=chunk) [Non-Recurring Gains and Losses](index=3&type=section&id=Non-Recurring%20Gains%20and%20Losses) In the first three quarters of 2022, the company's non-recurring gains and losses totaled **RMB 451 million**, primarily from government subsidies, with the third quarter alone accounting for **RMB 94 million** Non-Recurring Gains and Losses for Q1-Q3 2022 (RMB thousands) | Item | Year-to-Date Amount | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 84,067 | | Government Subsidies | 436,770 | | Other Non-Operating Income and Expenses | 99,193 | | Less: Income Tax and Minority Interest Impact | 169,676 | | **Total** | **451,222** | [Analysis of Key Financial Indicator Changes](index=4&type=section&id=Analysis%20of%20Key%20Financial%20Indicator%20Changes) The company explained significant changes in its Q1-Q3 financial data, attributing revenue growth to increased electricity and heat prices, net profit surge to higher electricity prices and associate company gains, and improved operating cash flow to increased power generation revenue and VAT refunds - Operating revenue for the first three quarters increased by **1.92%** year-on-year, primarily due to rising electricity and heat prices, partially offset by reduced coal trade volume and the deconsolidation of new energy assets[6](index=6&type=chunk) - Net profit attributable to the parent company significantly increased by **45.98%** year-on-year, mainly due to higher electricity and heat prices and increased equity investment income, which collectively offset the impact of rising fuel prices[6](index=6&type=chunk) - Net cash inflow from operating activities significantly increased by **58.00%** year-on-year, primarily benefiting from increased power generation revenue and VAT credit refunds[7](index=7&type=chunk) - Cash flow from financing activities shifted from a net inflow of **RMB 5.579 billion** in the prior year to a net outflow of **RMB 3.355 billion**, mainly due to increased debt repayments[7](index=7&type=chunk) [Shareholder Information](index=5&type=section&id=Shareholder%20Information) This section details the company's shareholder structure and the holdings of its major investors [Shareholding Structure](index=5&type=section&id=Shareholding%20Structure) As of the reporting period end, the company had **86,934** common shareholders, with controlling shareholder China Huadian Corporation Limited holding **46.81%**, and the top ten shareholders collectively holding approximately **80.17%**, indicating a relatively concentrated equity structure Top Ten Shareholders' Holdings | Shareholder Name | Shareholding Percentage (%) | Number of Shares Held (shares) | | :--- | :--- | :--- | | China Huadian Corporation Limited | 46.81 | 4,620,061,224 | | Hong Kong Securities Clearing Company Nominees Limited | 18.37 | 1,813,482,634 | | Shandong Development Investment Holding Group Co., Ltd. | 7.67 | 757,226,729 | | China Securities Finance Corporation Limited | 3.71 | 365,765,750 | | Shenergy Company Limited | 1.32 | 130,510,000 | [Financial Statements](index=7&type=section&id=Financial%20Statements) This section presents the company's consolidated and parent company financial statements for the reporting period [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) As of September 30, 2022, the company's total assets were **RMB 218.315 billion**, a slight decrease of **0.25%** from the beginning of the year, with Q1-Q3 operating revenue at **RMB 79.651 billion** and net profit at **RMB 2.095 billion**, while net cash flow from operating activities significantly increased by **58.00%** to **RMB 9.426 billion** [Consolidated Balance Sheet](index=7&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2022, the company's total assets were **RMB 218.315 billion** and total liabilities were **RMB 144.871 billion**, resulting in a debt-to-asset ratio of **66.36%**, with notable changes including a **46.63%** decrease in inventory and a **42.92%** increase in bonds payable Key Items from Consolidated Balance Sheet (RMB thousands) | Item | September 30, 2022 | December 31, 2021 | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 218,314,968 | 218,860,429 | -0.25% | | Total Liabilities | 144,871,029 | 145,294,314 | -0.29% | | Equity Attributable to Parent Company Owners | 61,969,449 | 61,829,644 | 0.23% | [Consolidated Income Statement](index=9&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2022, the company's total operating revenue was **RMB 79.651 billion**, a **1.92%** increase, while total operating costs rose by **3.00%** to **RMB 77.79 billion** due to higher fuel prices, and net profit attributable to parent company shareholders significantly improved by **45.98%** to **RMB 2.325 billion** Key Items from Consolidated Income Statement (RMB thousands) | Item | Q1-Q3 2022 | Q1-Q3 2021 | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 79,650,516 | 78,149,497 | 1.92% | | Total Operating Costs | 82,359,894 | 80,375,978 | 2.47% | | Investment Income | 3,935,379 | 5,021,382 | -21.63% | | Total Profit | 2,037,707 | 1,803,471 | 12.99% | | Net Profit Attributable to Parent Company Shareholders | 2,325,259 | 1,592,844 | 45.98% | [Consolidated Cash Flow Statement](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2022, net cash flow from operating activities significantly increased by **58.00%** to **RMB 9.426 billion**, driven by higher power generation revenue and VAT refunds, while financing activities shifted to a net outflow of **RMB 3.355 billion** due to increased debt repayments Key Items from Consolidated Cash Flow Statement (RMB thousands) | Item | Q1-Q3 2022 | Q1-Q3 2021 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 9,425,532 | 5,965,567 | | Net Cash Flow from Investing Activities | -4,698,022 | -10,005,686 | | Net Cash Flow from Financing Activities | -3,355,405 | 5,579,126 | | Cash and Cash Equivalents at Period End | 7,317,172 | 8,307,837 | [Parent Company Financial Statements](index=13&type=section&id=Parent%20Company%20Financial%20Statements) At the parent company level, total assets were **RMB 120.583 billion** as of September 30, 2022, primarily comprising long-term equity investments in subsidiaries, with net profit for the first three quarters at **RMB 3.542 billion**, a decrease mainly due to higher asset disposal gains in the prior year - The parent company's net profit for the first three quarters of 2022 was **RMB 3.542 billion**, a decrease from **RMB 5.105 billion** in the same period last year[20](index=20&type=chunk) - The parent company's total assets amounted to **RMB 120.583 billion**, with long-term equity investments reaching **RMB 81.936 billion**, accounting for approximately **68%**, reflecting its role as a holding platform[18](index=18&type=chunk) [Changes in Accounting Policies and Financial Statement Adjustments](index=19&type=section&id=Changes%20in%20Accounting%20Policies%20and%20Financial%20Statement%20Adjustments) This section details the impact of new accounting standards on the company's financial reporting and any resulting adjustments [Explanation and Impact of Accounting Standard Changes](index=19&type=section&id=Explanation%20and%20Impact%20of%20Accounting%20Standard%20Changes) Effective January 1, 2022, the company adopted "Interpretation No. 15 of Accounting Standards for Business Enterprises" regarding trial operation sales, leading to retrospective adjustments that primarily increased long-term equity investments and retained earnings while decreasing fixed assets and construction in progress - The company adopted "Interpretation No. 15 of Accounting Standards for Business Enterprises" effective January 1, 2022, retrospectively adjusting trial operation sales occurring on or after January 1, 2021[24](index=24&type=chunk) Major Impacts of Consolidated Financial Statement Adjustments at Beginning of Period (RMB thousands) | Adjustment Item | Adjustment Amount | | :--- | :--- | | Long-Term Equity Investments | 120,304 | | Fixed Assets | -38,787 | | Construction in Progress | -3,368 | | Surplus Reserve | 11,521 | | Retained Earnings | 74,498 |